Newspaper Page Text
.THURSDAY, JUNE 16, 1910.
THE CALUMET NEWS. Your Summer Shoes t ? t t t t ? Y y ? Y y y y y y y y dulls nr OXFORDS AND PUMPS Can surely bo round lure, whether it l for woman or chi 1. We have the assortment of patents every good style. man, tans, GRADUATION FOOTWEAR We have made Hpei lal prep, .iratimts for this event ami you will, as usually, flit, I the right Kort of Footwear lure. I'unipH, Ox fords or Dress Shoes for boys and kim-$Z, $2.50, up to $4 Children's Pump OxforcU and the now Roman Sandals, nil Urlng you 8,"s- $1.25, $1.50, $2. $2,50 jM$f u feet to us to be correctly fitted. THE BEE HIVE SHOE STORE FIFTH STREET PHONE 390 CALUMET i y y y y y y y y 2 2 y y y 2 y y 2 y y 2 burg companies wore mere duplica tions. Such, however, Is not" the case. Many of the Steel Corporation officials are heay stockholders In Superior Mttsburjc. At one time Ihey were also heavily Interested In Calumet & ArU- sona. But It marketed this stock ut an average well atoove present prlee. At the present time Sup. A Pltis. is mining through three shafts ami a urth Is being sunk. For the pur pose of opening up new ana rich ground a fifth shaft it in contemplation. Some very high gTade ore has 1een encountered in rals'ng from ths 1,400 foot level, south of the Junction shaft. and 00 feet In the raise has revealed ore averaging atout 15 per ecnt eop- pe. Tin? company Is maintaining regular shipments, almost all of the ore be ing taken from oevclomcnt work, there being done no great amount of stopping. News Ihircau. dimming Is going to Issue a report on Keystone. Rivlmr two million tons bloc ked out and two million tons par lially developed by drill holes. Only 3.r)S,000 shares outstanding and moat of that owned by General Development Co. It looks like the best pup copper on the list J. W. Trentlss. Mining N ews ! MINN EAR & CO.'S GOSSIP. Davis Daly had I203.S75 cash on hand June SO and had done 4,4'JC feet of work. No. 2 Superior Is 650 feet deep, mak ing 10 to 12 feet n week, Five hundred tons arc being shipped to the Atlantic mill. The Davis Daly assessment of $1 will be called for In two payments of 50 cents each, the first call being July 15 and the other Sept. 20. Within less than u month Franklin will have Its northerly or producing hhaft connected with its now souther ly shaft by a drtrt at the loth level. GAY & STURGIS GOSSIP. The Shannon Copper company, through an agreement with the rail roads, which the Interstate commerce commission has approved, has obtain ed a reduced rate on all Its supplies, Huch as coke, oil and lumber, which will effect a saving to the company of from $35,000 to $-10,000 per annum. This new rate Is to take effect soon. A saving is also being made of about I $r.,000 per month through the opera tion of the new Shannon-Arizona rail- a shade easier, but the volume of bus Iness with domestic consumers con tinues very light, while some of the In dependents quote market at 12 f"r electro with some smaller transactions at that figure. One of the largest in dependent producing Interests is said to have made sales ut 12', a cents to day. The latter transactions cannot be confirmed but It h believed that If a 12 price was firmly established. large buying movement would result There Is said to be a very good In quiry for copper at 12'zi cents and con sumers are holding off, believing tin price will go to that level. Europe Is showing considerably more intercrt In hxal market than for some time past and substantial transactions have tak en place for export purchases, in Borne instances amounting to 1,000 tons John R. Stanton says: "Although copper prices have touched the lowest levels for the year, there seems to be about a stand-off between producers and consumers. I do not believe there is much metal to be had at present quotations, since the agents all report a well sold un condition. While there Is little prospect of an Immediate lm provement In prices I do not see how they can go much lower. Any further niMti-i-hii reductions would mean a road, which carries the Shannon j nurnbtr llf co,,pcr companies which arc to the smelter at Clifton. A profit of L . al),c t() kcop (holr h(aila ai,ove fs.noo or $10,000 a year is also expect ed from the company's new water i system. The Importance of these items totalling around $100,000 per year, will he better appreciated when it Is re membered that Shannon's total earn ings for the year ended August 31, lfi'D were $S4.0'0. In other words, Shannon is making a saving through new oper ating economies recently carried into effect which should more than dupli cate the profits for the last fiscal year. Of course the full effect of these econ omies w ill not be reflected In the earn ings for the present fiscal year, but they w ill be nn Important factor. Shan non Is producing about 17,000,000 lbs. of copper per annum and at a lower cost than ever before. The company hag recently opened some high grade ore bodies on the lower levels, where nctive mining will soon bo commenced. The water llow at the Arizona-Com mercial, which caused so much delay j nml expense In opening .the seventh level. Is now down to 1.000 gallons per minute. At one time the flow was as lilh as 3.000 gallons per minute. The Superior & Ronton in Its workings 210 feet east of the Arizona-Commercial lias encountered copper sulphides 200 feet lower than the lowest level of the Arizona -Commercial. Arizona -Commercial has drifted nearly 1,500 feet on tlu seventh or lower level, nnd Is now liifting west In n large, leached nxl li.ed ore body which It Is expected will Improve with depth. The company me insinuation or as urn u.iih-.j ef pumps on the seventh level well un lr way. and sinking below that level In already In progress. were lifeless. Trading today was with out special features or Important price hanges. Thcro will bo no Ronton market tomorrow on account of Dun ker I1II1 day celebration there. STOCKS Ronton, June Iff. Wjo understand there Is a fair sized short Interest In Lake and a feeble at tempt was made to cover, forcing the prices up to 51 Vi, but tho stock was so Scarce that prac tically none could bo accumulated. Speculative sentiment in local market very low and we are having dullest time for years. Wo can seo no en .ouragement to buy stock's at present Foster, of Talnc, Webber & Co. Gay & Sturgis stys: Hoston, Juno 16. Sales of copper In London market today are unprecedent ed almost. Foreign visible supply has decreased since May 1, 4,400 tons. It looks as though something wa8 doing In copper and a possible Improvement Is in sight. I. J. S. BOSTON STOCKS. PAINE, WEBBER & CO.'S GOSSIP. The copper metal market is reported rely the surface now, would be forced un der. Lake is quiet and It w ould be hard to get over 12i cents for It at the .. i, i.i.t r-i.-inrlcn cannot run on nothing, consumers stocks are practic ..it., nil ami II la merelv a matter of waiting until consumers are forced to come into the market again. The old Dominion told company) has declared a 25 cent dividend. Homestake has declared the usu monthly dividend of f.O cents, payable June 25. The books close on June 20. Calumet. Mich.. June 16. The mar ket opened fractionally ivwer and was Inclined to be dull until the last hour when prh-es slightly rose, closing at the highest for the day. The l'.oston market was very dull and prices fluetu.ited within a narrow range until near the cToso when there was little activity seen. Old Domin ion was n better demand today ad vancing two points. North Lake sold up to 12- after opening at ll'i. The noston market will be closed tomorrow on account of Hunker Hill day. There was some bids appeared In Algomah with closing prices at 9 bid. Doston, June 16. Superior .t Tltts burg Is now earning at the rate of $100,000 a month. Its loan secured sev eral years ago from the Calumet Sr. Arizona 'Mining company has been practically repaid or will be In a few weeks. The Calumet & Arizona smelts the Superior & l'ittsburg ores, and were Iho smelter to give fneTattor company additional capacity, It would, be neces sary to enlarge the plant. u h. Wn the reneral belief for some time Hiat the stockholder 71st of -American Car Fndry. both Cal. &. Ariz, and Sup. & Pitts- (Falne, Wtbber and Co.) Rid. Asked Adventure 6 Allouez 38 Arcadian it Allnntie 7 Arizona Commercial ii Hoston Corbln 12V4 R & n 14 Calumet & Arizona C2-"54 Calumet & Ilecla 545 Centennial 16 Coalition ' 18!4 Copper Range 60 Daly West 8 Fast Dutte 7Vi Franklin 11 Ciiroux 7 Oranby 38',a Greene Cananea 7. Hancock 17 Helvetia 2'i Indiana 16 Isle Royale 16 Kerr Lake 8V 6 Keweenaw 31a Lake 51 La Salle 114 Mass 8 Miami 19 Michigan AVi Mohawk 47 Vi Nevada Cons 18 Nlpisslng 11 Vi North Dutte 25 North Lake 17 Ojibway 7 Old Dominion 21 ti ( )sceola Parrot 13 Quincy ' 69Vi Kay Cons 16'j Shannon 104 Superior & IJoston 9- Superior & Pittsburg .... 10 Vi Superior Copper 41 Tamarack 46 Victoria 3 Winona 7 Wyandot 1 Wolverine .; HOVa J. A. Mlnnear & Co.) Bid Arizona & Michigan 35 Ah meek 160 Dutte St Superior l'i Dutte Ualak It Dohcmla 64 Chemung Chief Cons 114 Col. Cons CO Cordova Coriez , 21i Chino .' 11 Calumet & Corbln 30 Calumet & Montana, 1 Corbln Copper 6Vj Cactus 2 Va Davis Daly 114 Denn Arizona 3 Fast Dutte . . . . v 714 Fly Central Hi Coldfield Cons 8 Gila 51s Giroux 6 Homestake ' 88 Ilcrmlna Helvetia 214 Hancock 17 Indiana 1614 Inspiration 714 Keweenaw 3 Kerr Lake 814 Keating 114 La Rose 4 14 Lake Copper 51 L. S. & A Hi Live Oak 20 Miami 19 li New Keystone 314 New Haltic 6 Nlpisslng 1114 North Lake 11 TORCH LAKE NEWS ) FUNERAL SERVICES TODAY. Ojibway . , Oneco . . . . Rny Cons. Ray Central 7 27 17 v. Sierra .v 2 Shattuck 24 Va Santa Rosalia 40 Superior & Globe 30 Superior & Hoston 19 Vi Superior &. Tittsburg 10 South Columbus 08 ro nth Lake 41a Tuolumne 3 Id Tonopah 8 Warrior Yuma 60 AsW .45 170 Vi 141a 6 94 l'i .63 Ha 2 1114 .40 Hi 7 2 Ha 314 7 Hi 9 6 7 89 .23 2 171i 17 71'a 4 8 1 4Va 511a Hi 20 li 20 3 !i 7 1 1 Vi 12 71i 3 17Vi 2M, 25 V2 .45 .33 19 11 .10 5 3 9 7 Remains of Lato Mist Jennis Trloa Shippsd to Linden, Wis. Short funeraT services were held at the home of Mr. ai:l Mxs. Thomas Vi vian of Lake Linden this afternoon for the late MIsj Jennie Treloar, who died yesterday morning. The remains wuo shipped to Linden, Wis.. Hut for mer home, w here I hey will bo In ftxred. .Miss Treloar was 21 years of HRf, she having been born in Wisconsin. The decedent had made her home with Mr. and Mrs. Vivian for a period of several months, the having been nurse ut the Lake Linden general hns nital. Death was due to anemia, after an Illness of about two weeks. Her parents, I.Mr, and Mrs. John Treloar of Linden, came hers last week, anJ were with their daughter when sh lied. 39 7 la 15 13 141; 53 550 17 19 60 81 8 12 7Vi 39 7?i 171a 2Vi 16 17 8U 4 51 Ilia 816 19 5 49 19 1114 26 12 8 32 130 14 70 17 1014 9 10 42 47 3V4 7V4 CLOSING GRAIN LETTER. .Chicago, June 16. Wheat There was a natural reaction fn the north western markets as well as our own In tho last hour, partly due to profit taking by early buyers ana In part to selling pressure in ' July wheat, by some of the leading Interests. A Chi cago houso bought 10,000 bushels of new wheat for arrival any time next month from Missouri. St. Loula re ported cah wheat prices 1 to 2 cents lower. Tho weather map of the north west w ill make the marke1: In wheat.--Payne, Webber & Co. COMMENCEMENT TONIGHT. a Commencement exercises will be conducted at the Lake Linden opera house this evening, Tor tho members of the class of 1910, of tho "Lake Linden High school. Tho following program will bo given: Music Lake Linden orchestra, Tnvocitlon Rev. Jes.'o Tovey. Selection, male quartet "When I Have Tou" Messra. "NIcTiolli, Rule Dearden and GuTlbauIt. C!s address orne Friend ot Fducatlon" President James H. Kay of tha 'Marquette Normal school. Music Jllgh school chorus. Presentation of diplomas -Supt. fl. D. Lee. Selection. "Malo nnnrtct. "P.n Ro!l" Me?rs. NTcholls, Rule, Dearden and GullbaulL Established I8S0 Paine, Webbeir & (g o. Members New York Stock nxcltangc " Boston Stock Exchange " New York Cotton Exchange Chicago Board of Trade " Duluth Stock Exchange QUKR STOCICS CIVRX SPIZCI71L 71TTRXTIOX PNIV71TIZ WIKIZ TO TILL M71RKETS Galumet Officc-Pninc Webber Building M. J. O'BRIEN. Res. Mgr. TcIcphoncs826, 827 and 828 rent LAKE LINDEN BREVITIES. AWAITS DEATH ON GALLOWS. 11614 NEW YORK STOCKS. Excursion' Fares COPPER RANGE RAILROAD HOSTON. MASS., July 2-8, National Educator's Association. MONVFU. COIJRADO, July 19-22. National Dental Association. IH7TROIT, MICHIGAN, July 11-17 Grand Lodge Order of Flks. IUO.V MOUNTAIN.' MICHIGAN, July 20-21-22. Sons of St. George Reunion. , LOS ANOKLFS. CALIFORNIA, July 11-16. American Institution of Homeopathy. OMAHA. NKltRASKA, JuIy,18-20,Natlonal Association of Adver tising Clubs. PORTLAND, OREGON, July 19, Amdont Order of Hibernian "MA HA, -NEBRASKA, July 20-23. Sacnglbund of the Northwest. SARATOGA. SPRINGS. NEW YORK. July 7-lO.Baptist oung Peoples' Reunion. QPKBFjC, July 12-19, St. Anee de IJeaupre. Full particulars given by Copper Range Railroad ticket agents. Gay and Sturgls furnish the follow ing New York quotations: Open Amalgamated 61 54 Anaconda 39 Atchison 104 H. & 0 11114 B. R. T 77V4 Canadian Pacific ,19514 C. & 0 8014 Cons. Gas 13514 Colorado Fuel 34 Frie 2714 Illinois Central 133 I & N 143 Locomotive 4214 New York Central 116 Northern Pacific 124 14 Pennsylvania 131 Reading 153 Rock Island 40 St. Paul 125V4 Smelters '. 7414 Southern Taclflc 120 Sugar 116 Steel pfd H5V4' Tennessee Copper 25 Union Pacific 170 U. S. Steel 76T4 Western Union 6314 Clots 6314 54 39 101 11 114 78 195 81 135V4 34 V4 27 133 H414 43 116 121 131 154 40 126 75 121 117 115 25 171 77 6314 UNLISTED STOCKS. J. A. Mlnnear & Co., say today. Another day passed with the market ruling extremely dull, though for the most part the undertone remained firm. Truding In the morning was at slight ly higher prices In the New York list The preponderance of eastern senti ment ! considerably bullish on a theory that the market Is oversold and that stocks are due for a rally af ter ths recent break. Copper shares Los Angeles Wife Murderer Will Have With to D:e Gratified. San Quentln, Cal., June 16. The de sire of Frnest Worth, the Los Angeles wife murderer, to die on the gallows will be gratified tomorrow, unless there is an eleventh-hour respite. All ar rangements for the execution have been completed at the penitentiary here. The prisoner has been anxious to die ever since he murdered his wife at Los Angeles June 22 of last year. His wife had begun a suit for divorce. They met In a room at a hotel to dis cuss a money settlement.' A quarrel arose, nnd Worth, who was a bartend er, struck her on the Jawvwith his list and when she fell crushed her face and skull w ith his heels. After his ar rest and arraignment ho asked that he be permitted to plead guilty and that his sentence bo death on the gallows. Ills des4re to be sentenced to deathwas gratified by Judge Wilbur, the trial judge. While awaiting trial Worth made five attempts to commit suicide. After arriving at the penitentiary here, wearying of waiting for the time set for ids execution, the murderer wove a rope from strips of his pillow case and attempted to hang himself from a cleverly contrived scaffold In his cell. The toppling of a chair upon his sleeping cellmate was all that prevent ed his plan from being a success. Tomorrow is pay day at the local stamp mills. iMr. and Mrs. Charles Johntone ot Fscanaba were visitors with Lake f.ln dn friends yesterday. Colo and Rogers' circus was well at tended here last evening. Tho attrac tion will be at Hubbell this cven'.na. Contractor Fred Leelerc of llubbel: has completed alterations on the resi dence cf Medard Laplante. Tho apron sale and supper to hnv been given by the laules of tho Hubbell i ongregatlonnl churcn Saturday ev ening has been postponed until Tues day. .Tho Hubbell firemen will hold their anrual picnic at White City on June 21. The steamer will make three trips from the Torch Lake towns lo White City that day and the Hubhell band will play for the -fire fighters. BOARD OF CONTROL MEETS. Members of Mining Collego Doard Talk of Twenty-fifth Anniversary. There was a meeting of the board of control of the Michigan College o Mines at the administration building of the Institution yesterday afternoon, With exception of talking over the Idea of celebrating the twenty-fifth an niversary of the establishment of the school, which occurs next year, only the ordinary run of business came before the meeting. It Is probabfu tha'. another meeting of the board will bo called within a short time t c:fo up thl niattcf. as "Title time could be de voted to it at the meeting yesterday. Among tlie members of Hie board at tending the meeting were President William Kelly of Vulcan. T. "M. Long year of Marquette, James MacNaugh ton of Calumet nnd Dr. L. L. Hub bard and V. D. Calvcrly of thf.i village. The Market at a Glance THE NEW YORK MARKET WAS DULL AND SLIGHTLY HIGHER. BOSTON MARKET ONLY SLIGHTLY CHANGED. NO BOSTON MARKET TOMORROW. CURB LIST SHOWED ONLY SLIGHT CHANGES IN PRICES. J. A. M1NNHAR & CO., Brokers CALUMET, MICH. LAURIUM, MICH. PRIVATE TELEPHONE EXCHANGE G av & Stisrais 101 Milk St., Boston. Mass. Members of The Boston Stock Exchange DEALERS IN Bonds and Stocks, Listed and Unlisted Our facilities for handling your stock business In unsurpassed. Direct private wire to Boston, Duluth and Houghton. Also direct connection with Hornblower & Weeks, members jf the New York Stock Exchange, with ofllces at Ch' -ago and Detroit P. W. GRIERSON, Itlgre OFFICE lr TIFTH ST. PHONES bl AND 814 LOCAL BREVITIES. Mesdames Nteman and Conlln. offi cers of the Ladles' Rcbckah assembly, arc spending today sight-seeing in Calumet and district. They conducted a school of Instruction yesterday af ternoon nnd evening to Past Noble Grands of the Rcbckah lodges of Cal umet, w hich was largely attended. Sev eral members of the order were present from other U. P. cities. Mr. and Mrs. Joseph Weiss and son have gone to Montrose, this state, to Join Mr. Weiss, and engage In farming. TOO LATE TO CLASSIFY. FOR SALE One new milch cow. Ap ply at 1567 Hccla street. Calumet, Mich. 189 You will recognize the delicious goodness of R 0 Heer the 1110 in e n t y o n taste it. . The most whole some drink known to mankind. In pint and quart hottles SCHEUERMANN BREWERY Telephones in all Towns of the Copper Country 7 DAYS FREE TRIAL ON LECTRIC TOASTERS Houghton County Electric Light Co. A. TENNYSON PRYOR WARD D SMJTH Phones 818 and 810 South PRYOR & SMITH BROKERS 37 Isle Royale St.. Houghton. Mich. Direct Private wires Stock to Boston and Exchanges VM. DUFFNEY. Manager CURB MINING ISSUES A SPECIALTY Reliable Information from Competent Mining Engineers and pondtnts in the Various Mining Camps at the Disposal o Clients. New York Corres- Our GALUMET STATE BANK Capital $ 1 00,000 Surplus $30,000 OFFICERS THOMAS HOATSON, President. EDWARD ULSETH, Vies President. J. W. SELDEN, 2nd Vice President. F. J. KOHLHAAS, Cashier. WALTER EDWARDS, Asst. Cashier. INTEREST PAID ON SAVINGS DEPOSITS TRAVELERS ATTENTION Is called to the excellent service which the Copper Range RAILROAD Has established in connection witn the CM. & St.P. Railroad Through Fast Train Service Through Sleepers Cafe-Observation Car Best Dining Car Service Low Hates TAKE "THE COPPER RANGE LIMITED" ' - i! TUTS